Protecting the credit union tax exemption tops the list of our 2014 priorities, CUNA President/CEO Bill Cheney said during CUNA’s 80th annual general meeting.
Other legislative issues on CUNA’s agenda include pushing hard for regulatory relief, charter enhancement, increased authority for business loans, and enhanced supplemental capital.
Cheney also reinforced CUNA’s commitment to defending credit union access to the secondary mortgage market and urging lawmakers to take action on data security issues.
CUNA pledged to fight to prevent risk-based capital from becoming an overly burdensome new rule. Above all, it will continue to pursue its shared strategic vision for the movement: Americans choose credit unions as their best financial partner.
Cheney urged credit unions to “unite for good” by removing barriers, creating awareness and fostering service excellence in the pursuit of that shared strategic vision.
Earlier, board chair Pat Wesenberg reviewed a list of credit union achievements during 2013. She also called attention to an upcoming milestone for the movement, surpassing 100 million memberships.
“Imagine what we could do if we could marshall the support of just half that number to support our issues,” she said.